Bitcoin investors could suffer a turbulent quarter, as two opposing Trump crypto trades come into conflict. The price of bitcoin is heading for its worst week since September after concerns about President-elect Trump’s tariff plans, plus the latest stronger-than-expected payroll numbers, caused a spike in bond yields, boosting the dollar while pressuring bitcoin and other risk assets. Although the postelection crypto rally had fizzled by the end of 2024, investor sentiment was still optimistic coming into 2025. The promise of a pro-crypto Congress and White House outweighed any concern about macroeconomic-related speedbumps. Drop first, then rebound But as investors start to make sense of what Trump’s first 100 days could look like,…
Jan 11 2025
